logo
Benedum Airport Authority clears obstacle to Pierpont's $25M hangar classroom

Benedum Airport Authority clears obstacle to Pierpont's $25M hangar classroom

Yahoo29-01-2025

Jan. 29—FAIRMONT — The Benedum Airport Authority cleared the way for the West Virginia Economic Development Authority to move forward on Pierpont Community and Technical College's $25 million Aviation Maintenance Program hangar classroom on Tuesday.
"We gave them the option to purchase a piece of land to build the school," BAA Board President David Hinkle said. "So it's up to the West Virginia EDA to do due diligence on it and get the land from the Department of Highways and build the building."
Hinkle said the BAA put up 2.63 acres of land belonging to the North Central West Virginia Airport up for sale. That alone won't be enough to begin construction as plans for Pierpont's new educational facility call for additional land currently owned by the Division of Highways.
Hinkle said it's always been in the WVEDA's court to buy the land and build the building.
The decision to put the stub of land up for sale came after the BAA took their regular board meeting behind closed doors to discuss property. Pierpont Community and Technical Director of Aviation Technology Brad Gilbert said the school has been in a holding pattern. The Jim Justice Administration approved $25 million for the hangar combination classroom nearly a year and half ago. It would allow Pierpont's Aviation Maintenance Program to expand from 130 students to 200. The building's footprint would be 70,000 square feet. Since then, the project has been dormant.
"We've got a lot of students," Gilbert said. "We need more parking, more classrooms, more bathrooms."
The proposed design features two high bay hangers, aviation-related specialty labs, including shops for turbine and reciprocating engine overhauls, flight controls and hydraulics, lecture classrooms, and a learning resource and testing center.
According to Pierpont research, students who enter the aviation maintenance field can earn a median annual salary of $52,921 a year. Other data from the U.S. Department of Labor shows the hourly wage range from $17-to-$37 an hour with the proper Federal Aviation Administration-sanctioned training from Pierpont.
Mid-Atlantic Aerospace Complex President Tracy Miller also provided a litmus test of how hot the state's aviation industry is right now. The state will be at the Australian Aerospace Show, which is an export show. What especially interests Miller in the development is the foreign direct investment component, saying Australian companies are interested in the opportunities available in North America.
Although Miller will not be making the trip to the show, she will still do what she can to help the state's representation.
"I will be working with them to make sure they have brochures and whatever is available so that our Aerotech Park is on their radar," she said.
Miller said after the meeting that she wants to see more businesses move into the 80-acre Aerotech Park. West Virginia already has an office in Japan and has done trade shows in Europe. It also provides an opportunity for companies based in the state to export into new markets. Miller said Australia's aviation industry is in the Top 10 worldwide. According to Mordor Intelligence, the air transportation sector is worth $39 billion to Australia's GDP and plays a vital role in the country's economy.
"They are looking to make investments in other parts of the world," Miller said. "So why not have Australian companies in the Wild and Wonderful?"
Reach Esteban at efernandez@timeswv.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Stocks offer restrained response to US-China trade framework
Stocks offer restrained response to US-China trade framework

Yahoo

time2 hours ago

  • Yahoo

Stocks offer restrained response to US-China trade framework

By Wayne Cole SYDNEY (Reuters) -Share markets and the dollar on Wednesday offered a guarded welcome to the latest signs of progress in U.S.-China trade talks, while awaiting more detail of what was decided and whether it would stick for long. Bond investors were also hunkered down for a reading in U.S. inflation that could show the early impact of tariffs on prices, and a Treasury auction that will test demand for the debt. Over in London, negotiators from Washington and Beijing said they had "agreed a framework on trade" that would be taken back to their leaders. U.S. Commerce Secretary Howard Lutnick added the implementation plan should result in restrictions on rare earths and magnets being resolved, but again offered no specifics. "Even though details are scant, as long as the two sides are talking, I think markets will be happy," said Carol Kong, a currency strategist at Commonwealth Bank of Australia. "It will still be very hard and it will take a long time for both sides to reach a comprehensive trade agreement," she added. "That sort of comprehensive deal usually takes years to be reached, so I'm sceptical that a framework reached at the meeting in London will be comprehensive." The law was another hurdle as a federal appeals court allowed President Donald Trump's most sweeping tariffs to remain in effect on Tuesday while it reviews a lower court decision blocking them. Investors, who have been badly burned by trade turmoil before, offered a cautious response and MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%. Japan's Nikkei added 0.4% and Australian stocks firmed 0.4%. AUCTION ANGST EUROSTOXX 50 futures, FTSE futures and DAX futures were all down 0.2%, while S&P 500 futures and Nasdaq futures both lost 0.1%. The reaction in currency markets was equally restrained, with the dollar dipping 0.1% on the Japanese yen to 144.73. The euro edged up to $1.1433 and the dollar index held steady at 98.971. Bond investors had other things to worry about and yields on 10-year Treasuries were little changed at 4.467%. An auction of $39 billion in 10-year notes is due later in the day and the market is anxious to see if foreign buyers turn up. Concerns about huge U.S. budget deficits and debt have combined with unease over the White House's erratic trade policies to see investors demand a higher term premium for holding Treasuries. Data on U.S. consumer prices for May might also show some initial upward pressure from tariffs, though analysts assume it will take a few months to fully show in the series. Median forecasts are for the headline CPI to rise 0.2% and the core 0.3%, which would nudge the annual rates up to 2.5% and 2.9% respectively. Anything higher would be a setback to hopes for another rate cuts from the Federal Reserve and could see bonds sell off. Markets imply little chance the Fed will ease at its meeting next week or in July, but have priced around a 60% chance of a move in September. In commodity markets, gold edged up 0.3% to $3,333 an ounce. [GOL/] Oil prices eased back from near seven-week highs ahead of U.s. inventory data. [O/R] Brent dropped 31 cents to $66.56 a barrel, while U.S. crude eased 28 cents to $64.71 per barrel. Error in retrieving data Sign in to access your portfolio Error in retrieving data

Australia's Qantas to close low-cost arm Jetstar Asia
Australia's Qantas to close low-cost arm Jetstar Asia

Yahoo

time4 hours ago

  • Yahoo

Australia's Qantas to close low-cost arm Jetstar Asia

(Reuters) -Australian flag carrier Qantas said on Wednesday it will close Jetstar Asia, the group's Singapore-based low-cost unit, in a bid to recycle up to A$500 million ($326.40 million)as part of its fleet renewal plans. Qantas said that 13 Jetstar Asia Airbus A320 aircraft will be progressively redeployed to Australia and New Zealand. Jetstar Asia continues to be negatively affected by rising supplier costs, high fees at airports and rising competition in the region. "This has fundamentally challenged the low-cost airline's ability to deliver returns comparable to the stronger performing core markets in the group," Qantas said. Jetstar Asia is currently expected to post an underlying EBIT loss of A$35 million in the current financial year. The airline will cease operating on July 31 and will continue flights for the next seven weeks. ($1 = 1.5319 Australian dollars) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

NAB worker blocks grandmother's $50,000 transfer after noticing tiny detail
NAB worker blocks grandmother's $50,000 transfer after noticing tiny detail

Yahoo

time6 hours ago

  • Yahoo

NAB worker blocks grandmother's $50,000 transfer after noticing tiny detail

An 84-year-old Australian grandmother has been saved from financial heartbreak after a NAB worker noticed a tiny detail. The woman from the NSW Hunter Valley went into a branch to make a request that "instantly" set off red flags. She wanted her daily withdrawal limit to be increased from $5,000 to $50,000, a 1,000 per cent increase. The woman made the request so that she could authorise a particularly pricey cash transfer. That alone was enough to raise NAB customer adviser Tiffany Bailey's eyebrows. $60 billion reason why you could get locked out of your account Major RBA interest rate call set to give homeowners $250 per month win $400 cash boost available for thousands of Aussies in new energy rebate But another tiny detail sparked much bigger alarm bells for the banker. Bailey noticed the grandmother was holding her phone in her hand while she was making the withdrawal limit request. When she showed her phone to the bank staff, it was revealed she was on a call with someone the whole time. They searched the phone number on the internet, and their investigation revealed it was likely a person had convinced the grandmother she owed them $50,000 and had been pressuring her for days to send them the money. They had even started threatening the woman with dire consequences if she didn't go into a NAB branch and change her details so that she could transfer the cash. She had absolutely no idea she was being scammed. The scammer had coached her on what to say when she went in, which she had written down in a notebook. When the bank staff asked her what was inside the book, she broke down in tears and confessed what was really going on. "They are the biggest low lives on the planet," NAB relief branch manager Vanessa Kruger told 9News. "They prey on people who are vulnerable, try to trick them, it actually makes my blood boil." NAB was able to secure the woman's account and she returned the following week very happy she hadn't become another scam statistic. The grandmother nearly became a victim of what's called a remote access scam. This is when a scammer will call or reach out to an unsuspecting person claiming to be from a trusted organisation like a government entity, a telecommunications provider, or a bank. They will claim that something is wrong with your device or account and you need to download certain programs or software, or grant them access to fix the problem. They might even ask for your personal details, and bank or credit card information. They can be very convincing and already have some of your personal information to sound more legitimate. Once they have access to your device or account, it can open up a can of worms that can lead to your money and your details being compromised. If you receive calls, text messages, or emails from out of the blue or from numbers or names you don't recognise, Scamwatch encourages people to avoid them at all costs. Aussies lost a staggering $15.5 million to remote access scams in 2023. In the first quarter of 2024, there was a 57 per cent increase in average losses compared to the year prior, with victims losing roughly $17,943 in retrieving data Sign in to access your portfolio Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store